WidePoint (NYSEAMERICAN:WYY) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of WidePoint (NYSEAMERICAN:WYY) in a research note issued to investors on Wednesday. The firm issued a hold rating on the technology company’s stock.

WidePoint Stock Up 0.6 %

Shares of WYY opened at $3.25 on Wednesday. WidePoint has a twelve month low of $1.83 and a twelve month high of $6.25. The company has a 50 day moving average price of $3.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $31.85 million, a P/E ratio of -10.48 and a beta of 1.70.

Institutional Trading of WidePoint

Several large investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in shares of WidePoint by 29.2% during the fourth quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock worth $150,000 after purchasing an additional 7,000 shares during the period. Essex Investment Management Co. LLC lifted its stake in WidePoint by 9.9% during the 4th quarter. Essex Investment Management Co. LLC now owns 50,699 shares of the technology company’s stock valued at $245,000 after acquiring an additional 4,547 shares during the period. Truvestments Capital LLC purchased a new stake in shares of WidePoint in the 4th quarter valued at $186,000. Jane Street Group LLC acquired a new stake in shares of WidePoint in the fourth quarter worth $101,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of WidePoint by 9.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 81,372 shares of the technology company’s stock worth $394,000 after purchasing an additional 7,331 shares during the last quarter. Hedge funds and other institutional investors own 22.60% of the company’s stock.

WidePoint Company Profile

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a secure federal government certified proprietary portal and secure enterprise portal that provides ability to manage, analyze, and protect communications assets, as well as deploys identity management solutions that provides secured virtual and physical access to restricted environments.